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WDKX.com » Blog » Kodak Set To Emerge From Bankruptcy This Week
Sep 2nd 2013 6:10 am
Kodak Set To Emerge From Bankruptcy This Week

After more than a year and a half of working through Chapter 11, Eastman Kodak is set to emerge from bankruptcy this week.

According to officials, the company is hoping to emerge from bankruptcy restructuring on September 3. That comes after the company's restructuring plan was approved in court in August. Following that decision, Chairman and Chief Executive Officer Anthony Perez said that moving forward, the company would focus on commercial printing, packaging, functional printing and professional services.

Last week, our news partners at the Rochester Business Journal learned that when Kodak emerges from bankruptcy it will continue on as a publicly traded company. That means following emergence, the company's current stock will have no value. Officials say that the company expects its shares to be listed on a stock exchange soon after it emerges.

News10NBC will continue to track Kodak as it moves through emergence from bankruptcy.

Source:WHEC